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Parallel Systems

Parallel Systems

Develops automated, electric rail vehicles

About

Parallel Systems is developing cleaner, automated rail vehicles and software to decarbonize freight and improve supply chain logistics. Their focus is on creating new autonomous and electric transportation systems for existing rail infrastructure, aiming to convert part of the $700 billion U.S. trucking industry to rail.

Company Stage

Series A

Employees

51-200

Industries

Automotive & Transportation, Hardware, Industrial & Manufacturing, Energy, Social Impact

Total Funding

$58.5M

Headquarters

N/A

Founded

2020


Growth & Insights
Headcount

6 month growth

-25%

1 year growth

-20%

2 year growth

31%

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